Learn about the types of bankruptcy available to you and how they work.
Bankruptcy is a viable financial option used by thousands of people each month who are facing mounting unsecured debt, like credit card debt or medical bills, or are at risk of losing their home or car. You should consider bankruptcy if you are under these desperate conditions:
- You simply cannot pay off your debt no matter what course of action you try to take.
- You have so much credit card debt and your interest rates are so high that despite not making any new charges on your cards, your debt continues to grow.
- A creditor is about to seize your property, garnish your wages or levy against your bank account.
- Your utility services are in jeopardy of being shut off.
If you think you need to file, but you want a professional to evaluate your situation to make sure you don’t have any other options, we can help. Call Consolidated Credit today at (844) 276-1544 or request help now online with a free Debt & Budget Analysis.
If you decide to file, there are a few things you need to know about the process – particularly following bankruptcy law changes that took place in 2005.